KAPALAMA 1818 Kalani St, Honolulu
$2,198,000 - 4,872 Sf
MLS® # 202401727
0 Beds
0 Baths
1,144 Sqft
.27 Acres
0 Garages
- Overview 1144 SQ. Feet, 0.27 Acres
- Listing Type Commercial/Industrial
- Office: Standard Management LLC
EXCELLENT 1031 EXCHANGE OPPORTUNITY WITH IN-PLACE 4.5% CAP RATE WITH $85,558 IN PASSIVE CASH FLOW! LONG-TERM LEASE TO PAR HAWAII, HAWAII’S #1 RANKED COMPANY FOR 2023 (Hawaii Business Magazine). Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC (“Par Hawaii”). Par Hawaii was ranked the #1 in 2023 by Hawaii Business Magazine for its Top 250 list of Hawaii companies, with an annual revenue of $4.4 billion. Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a clean environmental report as well.
Essential Information
MLS® #202313267
Price$1,900,000
Bathrooms0.00
Square Footage1,144
Acres0.27
Year Built1961
TypeCommercial/Industrial
Sub-TypeCommercial/Industrial
Land TenureFS - Fee Simple
StatusIn Escrow Showing
Community Information
Address1950 Kalihi St
AreaMetro
SubdivisionKALIHI-UPPER
Building NameN/A
Amenities
AmenitiesPrivate Restroom
ParkingOn Site, Street
Utilities
Large Water Meter, Light Electricity
Interior
CoolingCentral AC
# of Stories1
StoriesOne
Exterior
RoofOther
FrontageMain Street
Exterior
Concrete Block, Metal Frame, Other
Construction
Concrete Block, Metal Frame, Other
School Information
ElementaryKapalama
MiddleDole
HighFarrington
Additional Information
Date ListedJune 6th, 2023
Days on Market256
Zoning31 - B-1 Neighborhood Business
Description Land TenureFS - Fee Simple
Listing Details
OfficeStandard Management LLC
Office Contact(808) 208-8107
Property History
Status Changed from Active to In Escrow Showing
Price Reduced from $1,988,000 to $1,900,000
Price Reduced from $2,030,000 to $1,988,000
Quick Details
This Property is priced at $1,900,000 and located at 1950 Kalihi St, . With 0 Bedrooms and 0.00 Bathrooms, it offers a total of 1144 Square feet. This Commercial/Industrial was built in 1961 and its status is In Escrow Showing. This property is represented by Michael M Okamoto of Standard Management LLC, Contact Number (808) 208-8107, our team of Realtors can represent you at no additional cost.
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